ALGO vs HBAR
Algorand and Hedera scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
ALGO scores 97 of 250 and ranks 155th of 251. HBAR scores 112 and ranks 89th. HBAR leads by 15 points, which is a real gap, though small enough that one variable moving would close much of it. ALGO takes 3 of the 25 variables, HBAR takes 14, and 8 are level.
The framework rates ALGO PASS and HBAR WATCH. Two tokens close enough to compare do not have to land in the same band, and where they do not, the divergence table below is where the split comes from.
No single variable separates ALGO and HBAR by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Protocol Revenue, P/S Multiple, Buyback and Burn, Market Share. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
HBAR is valued at $4.09B against $1.05B for ALGO, a 3.9x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 2 | 3 | HBAR +1 | |
| Revenue Trend | 2 | 4 | HBAR +2 | |
| P/S Multiple | 3 | 3 | level | |
| Real Staking Yield | 5 | 4 | ALGO +1 |
Supply
| Supply Inflation | 4 | 4 | level | |
| Vesting Schedule | 4 | 4 | level | |
| Circulating / FDV Ratio | 6 | 5 | ALGO +1 | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 3 | 5 | HBAR +2 | |
| Insider Selling | 4 | 5 | HBAR +1 | |
| Holder Concentration | 4 | 4 | level |
Traction
| TVL Trend | 3 | 4 | HBAR +1 | |
| Active Users | 3 | 5 | HBAR +2 | |
| Developer Activity | 5 | 5 | level | |
| Network Growth | 3 | 5 | HBAR +2 |
Position
| Market Share | 2 | 3 | HBAR +1 | |
| Competitive Moat | 4 | 5 | HBAR +1 | |
| Institutional Adoption | 5 | 7 | HBAR +2 | |
| Exchange Depth | 6 | 6 | level | |
| Social Mindshare | 3 | 4 | HBAR +1 |
Risk
| Regulatory Safety | 8 | 6 | ALGO +2 | |
| Catalyst Calendar | 4 | 5 | HBAR +1 | |
| BTC Alpha Potential | 3 | 4 | HBAR +1 | |
| Team Execution | 4 | 5 | HBAR +1 | |
| Treasury Runway | 5 | 5 | level |
Bars read outward from the centre: ALGO to the left, HBAR to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| ALGO | HBAR | |
|---|---|---|
| Price | $0.1162 | $0.0930 |
| Market cap | $1.05B | $4.09B |
| Circulating | 90.6% | 88% |
| Dilution to full supply | 1.1x | 1.14x |
| Off all-time high | -96.7% | -83.7% |
| To recover the high | 30.3x | 6.1x |
| Total value locked | $180.0M | not published |
| Network | Algorand | Hedera |
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
ALGO · PASS
ALGO as CBDC/institutional settlement layer with government partnerships. The FIFA deal ended in May 2025 and FIFA Collect moved to its own Avalanche chain, so it is no longer a forward catalyst.
Network traction has failed to materialise vs competitors; 97% below ATH; significant foundation releases ongoing; DeFi TVL minimal
HBAR · WATCH
Hedera Council enterprise adoption (Google, IBM); smart contract 2.0 upgrade
Centralized governance criticism; low DeFi TVL vs. Solana/Ethereum
Common questions
- Is ALGO or HBAR the better investment?
- On this framework HBAR scores higher: 112 against 97 of 250, and it is rated WATCH against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and ALGO still wins 3 of the 25 individual variables against HBAR.
- What is the biggest difference between ALGO and HBAR?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, ALGO or HBAR?
- ALGO is valued at $1.05B and HBAR at $4.09B on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.